About Principal Financial Group (NYSE:PFG)

Principal Financial Group, Inc. is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate. The Company offers a portfolio of products and services for retirement savings and retirement income. The Company's Principal Global Investors segment manages assets for investors around the world. The Company offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The Company's U.S. Insurance Solutions segment provides group and individual insurance solutions. It focuses on small and medium-sized businesses, providing a range of retirement and employee benefit solutions, and individual insurance solutions to meet the needs of the business owners and their employees.

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Miscellaneous

Principal Financial Group (NYSE:PFG) Frequently Asked Questions

What is Principal Financial Group's stock symbol?

Principal Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFG."

How often does Principal Financial Group pay dividends? What is the dividend yield for Principal Financial Group?

Principal Financial Group declared a quarterly dividend on Thursday, April 26th. Stockholders of record on Monday, June 4th will be paid a dividend of $0.52 per share on Friday, June 29th. This represents a $2.08 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, June 1st. This is a positive change from Principal Financial Group's previous quarterly dividend of $0.51. View Principal Financial Group's Dividend History.

How will Principal Financial Group's stock buyback program work?

Principal Financial Group announced that its Board of Directors has approved a stock repurchase plan on Monday, May 7th 2018, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 1.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group Inc (NYSE:PFG) issued its quarterly earnings results on Thursday, April, 26th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.35 by $0.05. The financial services provider had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.54 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same period in the previous year, the company posted $1.27 EPS. View Principal Financial Group's Earnings History.

What are Wall Street analysts saying about Principal Financial Group stock?

Here are some recent quotes from research analysts about Principal Financial Group stock:

1. Wells Fargo & Co analysts commented, "We would normalize to $1.36 after accounting for mortality gains in Retirement and Income Solutions (RIS)-Spread, negative encaje returns in Principal International and favorable claims experience in Specialty Benefit. Principal walked through unusual items in a segment in a slide presentation (see Figure 1 for a detailed view of actual results versus our expectations). Given traditional Q1 unfavorable seasonality, we don’t view the $1.36 as a “run-rate” off which to use as a starting point for Q2 estimates. The normalized beat in Q1 was driven by lower multiple segments (Specialty Benefits and Corporate), which are likely not sustainable. All in, while certainly better than Q4 2017 results, the underlying earnings power exhibited in Q1 does not at first look seem like enough to change our investment thesis." (4/26/2018)

2. According to Zacks Investment Research, "Shares of Principal Financial have underperformed the industry in a year’s time. Higher leverage inducing increase in interest and weighing on margin expansion remains a headwind. However, focus on fee-based revenue sources has been helping Principal Financial earn steadily and limiting exposure to the interest rate environment. The company targets a return on equity improvement of 30-60 basis points, annually. Its inorganic growth story remains impressive with buyouts fortifying international footprint. The company’s assets under management have also been steadily rising. Plus, it sets sights on effective capital deployment to enhance shareholder value, targeting to reach $0.9-$1.3-billion mark in 2018. Principal Financial’s fourth-quarter bottom line missed the Zacks Consensus Estimate. Though disciplined expense management lowered expenses, lower premiums and other considerations offset this upside." (3/12/2018)

Who are Principal Financial Group's key executives?

Principal Financial Group's management team includes the folowing people:

Has Principal Financial Group been receiving favorable news coverage?

News headlines about PFG stock have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Principal Financial Group earned a coverage optimism score of 0.04 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 45.89 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

How do I buy shares of Principal Financial Group?

Shares of PFG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Principal Financial Group's stock price today?

One share of PFG stock can currently be purchased for approximately $58.67.

How big of a company is Principal Financial Group?

Principal Financial Group has a market capitalization of $18.16 billion and generates $12.38 billion in revenue each year. Principal Financial Group employs 14,854 workers across the globe.

MarketBeat Community Rating for Principal Financial Group (PFG)

MarketBeat's community ratings are surveys of what our community members think about Principal Financial Group and other stocks. Vote "Outperform" if you believe PFG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PFG will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

10 Wall Street analysts have issued ratings and price targets for Principal Financial Group in the last 12 months. Their average twelve-month price target is $69.80, suggesting that the stock has a possible upside of 19.15%. The high price target for PFG is $76.00 and the low price target for PFG is $62.00. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."

Dividends

Principal Financial Group (NYSE:PFG) Dividend Information

Principal Financial Group pays an annual dividend of $2.04 per share, with a dividend yield of 3.48%. PFG's next quarterly dividend payment will be made on Friday, June 29. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 13.50% each year.

Next Dividend:

6/29/2018

Annual Dividend:

$2.04

Dividend Yield:

3.48%

Dividend Growth:

13.50% (3 Year Average)

Payout Ratio(s):

39.08% (Based on This Year's Estimates)36.36% (Based on Next Year's Estimates)39.11% (Based on Cash Flow)